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v3.23.1

BORROWINGS (Tables) | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | The following is a summary of First Financial's short-term borrowings:
(Dollars in thousands) |  | March 31, 2023 |  | December 31, 2022
FHLB short-term borrowings |  | $ | 1,089,400 |  |  | $ | 1,130,000 |
Other short-term borrowings |  | 128,160 |  |  | 157,156 |
Total short-term borrowings |  | $ | 1,217,560 |  |  | $ | 1,287,156 |
Summary of Long-term Debt | The following is a summary of First Financial's long-term debt:
|  | March 31, 2023 |  | December 31, 2022
(Dollars in thousands) |  | Amount |  | Average rate |  | Amount |  | Average rate
Subordinated notes |  | $ | 313,820 |  |  | 5.52 | % |  | $ | 313,705 |  |  | 5.48 | %
Unamortized debt issuance costs |  | (1,902) |  |  | N/A |  | (1,998) |  |  | N/A
Notes issued in conjunction with acquisition of property and equipment |  | 28,277 |  |  | 4.42 | % |  | 32,492 |  |  | 4.44 | %
Capital lease liability |  | 1,677 |  |  | 3.83 | % |  | 1,698 |  |  | 3.82 | %
Capital loan with municipality |  | 775 |  |  | 0.00 | % |  | 775 |  |  | 0.00 | %
Total long-term debt |  | $ | 342,647 |  |  | 5.44 | % |  | $ | 346,672 |  |  | 5.40 | %

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